Peanuts 52 Daily Trades | Forex Factory

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Peanuts 52 Daily Trades

  • #1
  • First Post: Edited Jul 7, 2007 12:36pm Jul 6, 2007 4:47pm | Edited Jul 7, 2007 12:36pm
In this thread I'll try to post the daily trades (entry orders followed by results) for GBP/USD after the US session is closed

"Peanuts 52" entry orders for Monday, July 9 are:
Buy entry order @ 2.0102 TP 2.0107 Targeting (5 pips)
Buy entry order @ 2.0095 TP 2.0101 Targeting (6 pips)
Buy entry order @ 2.0087 TP 2.0097 Targeting (10 pips)
Buy entry order @ 2.0064 TP 2.0069 Targeting (5 pips)
I'm targeting 26 pips from Buy entry orders

Sell entry order @ 2.0118 TP 2.0113 Targeting (5 pips)
Sell entry order @ 2.0125 TP 2.0119 Targeting (6 pips)
Sell entry order @ 2.0133 TP 2.0123 Targeting (10 pips)
Sell entry order @ 2.0156 TP 2.0151 Targeting (5 pips)
I'm targeting 26 pips from Sell entry orders

Projected Profit = 26 + 26 = 52 pips
There is no SL and I'm specially trading this system on a demo account.

* It's not a must that the 8 entry orders to be executed, but sometimes it happens.

* All unexecuted orders will be cancelled at the end of the US session.

* Entry orders that have been executed and didn't reach their target will be closed at the end of the US session @ close price.

Monthly projection for this system (from July 9 to July 31)
17 days X 52 pips = 884 pips.
17 days X 8 entry orders = 136 entry order.

I'll be posting the daily results and number of orders that have been executed and then will be accumulated
  • #2
  • Jul 7, 2007 12:35pm Jul 7, 2007 12:35pm
In my previous post I mentioned the following:
Monthly projection for this system (from July 9 to July 31)
18 days X 52 pips = 936 pips.
18 days X 8 entry orders = 144 entry order.

Correction is
Monthly projection for this system (from July 9 to July 31)
17 days X 52 pips = 884.
17 days X 8 entry orders = 136 entry order.

This is because we only have 17 days left not 18
* I'll correct it in the first post

One important thing to be mentioned is that it is IMPOSSIBLE, and I'm repeating it again, IMPOSSIBLE to acheive the above target, to make it more clear, everyday I place 8 orders, it's not a must that the 8 orders to be executed, average is 4-5 orders/day to be executed out of 8, in May it happened that 4 times the 8 orders were executed in 4 days, but in June it never happened, in July from July 2 to July 6, it happened once that the 8 orders were executed, and the rest of the days 5 orders/day were executed
For eg In May 128 entry orders were executed out of 184
and in June 107 entry order were executed out of 168
and so far in July from July 2 to July 6 28 orders were executed out of 40
  • #3
  • Jul 7, 2007 2:04pm Jul 7, 2007 2:04pm
No stop loss....might be problem there...
  • #4
  • Jul 7, 2007 2:57pm Jul 7, 2007 2:57pm
Quoting Xenjin
No stop loss....might be problem there...
Sure, I agree with you, but I'm still backtesting this system and this is not the final setup, I'd like to call it phase 1, and since I started it, I didn't get any loss.
In the future I'll start to study this issue when I face loss, in order to place a reasonable and realistic SL according to the results
  • #5
  • Jul 9, 2007 2:59pm Jul 9, 2007 2:59pm
"Peanuts 52" entry orders for Monday, July 9 are:
Buy entry order @ 2.0102 TP 2.0107 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0095 TP 2.0101 (No execution) = zero pips
Buy entry order @ 2.0087 TP 2.0097 (No execution) = zero pips
Buy entry order @ 2.0064 TP 2.0069 (No execution) = zero pips
TP from buy entry orders = 5 pips

Sell entry order @ 2.0118 TP 2.0113 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0125 TP 2.0119 (Executed) TP was reached = 6 pips
Sell entry order @ 2.0133 TP 2.0123 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0156 TP 2.0151 (Executed) TP was reached = 5 pips

TP from sell entry orders = 26 pips

Total P/L for Monday, July 9 = 5 + 26 = 31 pips
5 Orders were triggered out of 8

As I mentioned the daily average for triggered orders is 5, but sometimes all of them can be triggered.

Happy trading
  • #6
  • Jul 9, 2007 4:04pm Jul 9, 2007 4:04pm
"Peanuts 52" entry orders for Tuesday, July 10 are:
Buy entry order @ 2.0143 TP 2.0148 Targeting (5 pips)
Buy entry order @ 2.0137 TP 2.0142 Targeting (5 pips)
Buy entry order @ 2.0130 TP 2.0140 Targeting (10 pips)
Buy entry order @ 2.0111 TP 2.0116 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0157 TP 2.0152 Targeting (5 pips)
Sell entry order @ 2.0163 TP 2.0158 Targeting (5 pips)
Sell entry order @ 2.0170 TP 2.0160 Targeting (10 pips)
Sell entry order @ 2.0189 TP 2.0184 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders
  • #7
  • Jul 9, 2007 8:53pm Jul 9, 2007 8:53pm
Hi Pino,
Can you explain how you choose those particular levels to buy/sell? or have I missed something in another thread?
  • #8
  • Jul 10, 2007 1:57pm Jul 10, 2007 1:57pm
Quoting starfire
Hi Pino,
Can you explain how you choose those particular levels to buy/sell? or have I missed something in another thread?
Hi starfire,
Welcome to this thread, I'd prefer not to share this system for the time being, as I'm still backtesting it, and this is not the final setup for it, as I mentioned I'm using it on a demo account, my main concern now is the SL, that's what I'm working on now
  • #9
  • Jul 10, 2007 2:24pm Jul 10, 2007 2:24pm
"Peanuts 52" entry orders for Tuesday, July 10 are:
Buy entry order @ 2.0143 TP 2.0148 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0137 TP 2.0142 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0130 TP 2.0140 (Executed) TP was reached = 10 pips
Buy entry order @ 2.0111 TP 2.0116 (No execution) = zero pips
TP from buy entry orders = 5+5+10=20 pips

Sell entry order @ 2.0157 TP 2.0152 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0163 TP 2.0158 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0170 TP 2.0160 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0189 TP 2.0184 (Executed) I manualy closed it with a loss of -30 pips
TP from sell entry orders = 5+5+10-30=-10 pips

Total P/L for Tuesday, July 10 = 20 + (-10) = 10 pips
7 Orders were triggered out of 8

Total P/L since July 9 till now = 41 pips


This is the 1st loss since I started this system from 3 weeks, although I only started to post the results at the begining of this week, I was waiting for this loss which will help me in my testing

* If anyone wants to use this system, please use it only on demo account for testing
  • #10
  • Jul 10, 2007 2:42pm Jul 10, 2007 2:42pm
I realised the reason behind the loss of the 4th sell entry order today, that I made wrong calculations in the 4th orders in both Buy and Sell orders, both entry orders were incorrect, however the 4th buy entry order was not triggered but if it was, it would have made loss as well IMO, but this was a good chance for me to face loss which may help me in my final setup, I've realised the incorrect figures before it was triggered but I kept it as it is for testing
Happy trading and wishing you all success
  • #11
  • Jul 10, 2007 4:09pm Jul 10, 2007 4:09pm
"Peanuts 52" entry orders for Wednesday, July 11 are:
Buy entry order @ 2.0263 TP 2.0268 Targeting (5 pips)
Buy entry order @ 2.0249 TP 2.0254 Targeting (5 pips)
Buy entry order @ 2.0234 TP 2.0244 Targeting (10 pips)
Buy entry order @ 2.0191 TP 2.0196 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0293 TP 2.0288 Targeting (5 pips)
Sell entry order @ 2.0307 TP 2.0302 Targeting (5 pips)
Sell entry order @ 2.0322 TP 2.0312 Targeting (10 pips)
Sell entry order @ 2.0365 TP 2.0360 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders
  • #12
  • Jul 10, 2007 4:34pm Jul 10, 2007 4:34pm
Quoting pino2
* Entry orders that have been executed and didn't reach their target will be closed at the end of the US session @ close price
This point is now cancelled from the setup, currently working on SL to replace it
  • #13
  • Jul 11, 2007 11:37am Jul 11, 2007 11:37am
"Peanuts 52" entry orders for Wednesday, July 11 are:
Buy entry order @ 2.0263 TP 2.0268 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0249 TP 2.0254 (Executed) TP was reached = 5 pips
Buy entry order @ 2.0234 TP 2.0244 (No execution) = zero pips
Buy entry order @ 2.0191 TP 2.0196 (No execution) = zero pips
TP from buy entry orders = 5+5=10 pips

Sell entry order @ 2.0293 TP 2.0288 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0307 TP 2.0302 (Executed) TP was reached = 5 pips
Sell entry order @ 2.0322 TP 2.0312 (Executed) TP was reached = 10 pips
Sell entry order @ 2.0365 TP 2.0360 (No execution) = zero pips
TP from buy entry orders = 5+5+10=20 pips

Total P/L for Wednesday, July 11 = 10 + 20 = 30 pips
5 Orders were triggered out of 8

Triggered entry orders since July 9 = 17 out of 24
Win = 16
Loss=1

Win = 101 pips
Loss=-30 pips


Total P/L since July 9 till now = 71 pips
  • #14
  • Jul 11, 2007 11:47am Jul 11, 2007 11:47am
Now I have 2 main things that I'm working on, first the SL, and the other thing is the 4th entry order in both (Buy & Sell), today neither of them were triggered, sell entry order was missed by 3 pips, however no execution is better than loss, but it still needs more development to bring the final setup

Happy trading and wishing you all success
  • #15
  • Jul 11, 2007 4:08pm Jul 11, 2007 4:08pm
"Peanuts 52" entry orders for Thursday, July 12 are:
Buy entry order @ 2.0311 TP 2.0316 Targeting (5 pips)
Buy entry order @ 2.0300 TP 2.0305 Targeting (5 pips)
Buy entry order @ 2.0289 TP 2.0299 Targeting (10 pips)
Buy entry order @ 2.0257 TP 2.0262 Targeting (5 pips)
I'm targeting 25 pips from Buy entry orders

Sell entry order @ 2.0333 TP 2.0328 Targeting (5 pips)
Sell entry order @ 2.0344 TP 2.0339 Targeting (5 pips)
Sell entry order @ 2.0355 TP 2.0345 Targeting (10 pips)
Sell entry order @ 2.0387 TP 2.0382 Targeting (5 pips)
I'm targeting 25 pips from Sell entry orders
  • #16
  • Jul 11, 2007 5:17pm Jul 11, 2007 5:17pm
I find it very interesting what you're doing here, because these numbers although they don't make any sense to me but nonetheless seem to be hitting them on target. I'm dying to know your secret; are you planning to share it?

What I'd say is, that the only thing that needs adjusting here is the stop loss but otherwise just leave it the way it is or you might ruin it, IMHO.
  • #17
  • Jul 11, 2007 5:28pm Jul 11, 2007 5:28pm
Quoting dav12028
I find it very interesting what you're doing here, because these numbers although they don't make any sense to me but nonetheless seem to be hitting them on target. I'm dying to know your secret; are you planning to share it?

What I'd say is, that the only thing that needs adjusting here is the stop loss but otherwise just leave it the way it is or you might ruin it, IMHO.
Hi dav12028,
Welcome to this thread, I just do some calculations and test the hourly movement of this pair, but I'd prefer to share this system when I'm finished with the final setup, as I mentioned I still have problems with the SL and the 4th entry order calculations and bias
  • #18
  • Jul 12, 2007 8:57am Jul 12, 2007 8:57am
Attached is screen shot of my trades today using your system, Only that I re-did each order once it had filled in. since the market was ranging today it managed to refill a couple of times totaling approx 70 pips. Once I saw the GB making a trend change I felt it was not safe any longer to keep these orders, so I closed all orders plus 2 active trades with a total loss of 7.5 pips , not too bad. Thanks Pino for a great system , I'm looking forward learning more about it.http://www.forexfactory.com/C:%5CDoc...p%5Corders.bmp
Attached Image
  • #19
  • Jul 12, 2007 11:05am Jul 12, 2007 11:05am
Quoting dav12028
Attached is screen shot of my trades today using your system, Only that I re-did each order once it had filled in. since the market was ranging today it managed to refill a couple of times totaling approx 70 pips. Once I saw the GB making a trend change I felt it was not safe any longer to keep these orders, so I closed all orders plus 2 active trades with a total loss of 7.5 pips , not too bad. Thanks Pino for a great system , I'm looking forward learning more about it.http://www.forexfactory.com/C:%5CDoc...p%5Corders.bmp
Hi dav12028,
I'm really happy that you made profit by using my system , and and I'm more happy that you made more pips than I targeted
  • #20
  • Jul 12, 2007 11:29am Jul 12, 2007 11:29am
Should I have continued and left my orders running until now I would have raked in another 20 pips or perhaps even more, who knows depending on what will happen in the next few hours, thanks anyway, keep it up.
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